Ron Paul - Financial Services Hearing - Parts 1 & 2

sets Bernake up.

RP is too wise and clever for the egg head with beard.

Man that tickled me -- as soon as he changed gears and asked the question I got up and ran around the room "goooaaaalllll"

We need Ron Paul hockey jerseys.
---He body checked him

What's RP's jersey number?

How about "0" (for Dr. No)?

Yeah, I know it is. The art of the destruction of the dollar piece by piece. It is the art of bringing nations to the knees of parasitic bankers, with no more just claim on our wealth than your common thug. Ron Paul is exposing this monster piece by piece.

and does and what central banks have done from the time they were established. They for robbing the people and murdering millions the world over. I like many here have had it with these bullcrap sessions on the HILL. While Helicopter Ben is bullcrapping with the rest of the bullcrappers the printing presses are going full steam ahead. Time for heads to roll I say. Anyone else feeling
the same way ?

I thought Ron's opening remarks were great. Bernanke's comment "central banking is an art" sounded like someone I know who thinks that his excrement is art. Bernanke looked more at ease today because he brought a spine with him (his spine was sitting in the chair to his left).

to the biblical account about driving the crooked money changers out of the temple.

As short as it is, the Q&A of part two is the most clear and insightful dialogue I've ever seen between a free market Congressman and a Fed Chairman. Bernanke was just relaxed enough to flirt with being philosophical [Dr.Paul always is], as such, this dialogue never really gets to the point of engaging debate unfortunately, but fortunately and beautifully shows that there is a deep debate here to be had and sets it up quite nicely. Whatever a viewer's previous thoughts are prior to this dialogue, the viewer is left with the notion, "Wow, there really is a deep debate here regarding the structure of our monetary system, the Fed's effect, and its role." The debate doesn't play out here, but the two sides are set up quite nicely.
The difference in economic philosophy is so wide that that a free-marketeer like myself sees that Bernanke doesn't even use the term "regulation" with any consistency. Perhaps he really doesn't have a consistently useable definition. I was startled by Bernanke's declaration, "The evidence is mixed." This is jibberish. It means nothing. It was said in lieu of saying something, something sensical like, "The evidence is yet inconclusive." That is a debate in and of itself, and one if not diverted so precursingly into ambiguity, would be won by Dr.Paul rather quickly. This dialogue also sets up well, the argument to be had of how damaging the Fed's concept of providing "price stability" can be. By simply looking at the Real Estate market, one can see how providing price stability escalates to price control, price fixing, and thusly an entirely corrupted market of false value creating an exponential manifestation of toxic asset. Yes, the evidence is quite conclusive. Idiots or agents of chaos? I don't know. They appear to me more like children. We were quite irresponsible in 1913. It's like we were the parents of a six year old child, a toddler, and an infant. We decided to go to the grocery store without the kids. On our way out the door we told the six year old, "You're in charge." ...
We just got back from the grocery store. The errand took a bit longer than we had thought. Ten years have passed. We walk back in the door. The house is a mess. The younger kids are playing video games. It's nearly midnight. You try to express your authority, but the sixteen year old has found your 12-gauge shotgun and while clutching it confidently says, "No, it's NOT time for bed!"

lol @ I'm for the constitution. PWNED.

"I guess you're a gold standard supporter..."? Dr.Paul replied, "I'm for the constitution..." Bernacke goes on to say, "Every major country currently, though, in the world uses a central bank which must make some decision about the money suppy whether it's to keep it stable or move it around, never the less, it's a choice that's made."

We are not every other country in the world. We don't want or need a central bank. Historically, the people have fought to not have a central bank because of all of the corruption and mischief and harm that they bring to bear on the American people.